Article 50 — Liability

1. Member States shall ensure that at least one of the following rules apply: (a) members of creditors’ committees are exempt from personal liability for their actions in their capacity as members of the committee unless they have been found to have violated their duties with respect to the creditors’ interests intentionally or through gross negligence; (b) the personal liability of the members of creditors’ committees for their actions in their capacity as members of the committee is covered by insurance which is borne by the insolvency estate in accordance with Article 49(2). 2. Where Member States entrust creditors’ committees with the power to approve certain decisions or transactions, they may provide that the members of creditors’ committees have the same liability as an insolvency practitioner.